The global hemp-derived cannabidiol market size was valued at USD 221.74 million in 2024 and is expected to reach USD 386.73 million by 2032, at a CAGR of 7.20% during the forecast period
The market growth is largely fueled by the increasing awareness of the therapeutic benefits of hemp-derived cannabidiol (CBD) in managing conditions such as chronic pain, anxiety, epilepsy, and inflammation, leading to widespread product innovation and medical research across the globe
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